by kramoltz@hotmail.com | Jul 11, 2016 | Home Buying, Selling Your Home, Title Insurance + Escrow
Escrow and Title. The 2 main costs charged by escrow companies in Arizona are the escrow fee and the premiums for the title insurance policies. The standard AAR contract used here states that the escrow fees will be split equally between buyer and seller, and the...
by kramoltz@hotmail.com | Jul 7, 2016 | Arizona and Its Amenities, Real Estate Facts & Figures
The metro Phoenix, Arizona cities of #Gilbert (4th), #Chandler (10th), and #Peoria (at 13th) are ranked among the best medium sized U.S. cities for first time #homebuyers according to the NAR. #Arizona as a state ranks 10th in the nation.
by kramoltz@hotmail.com | Jul 1, 2016 | Mortgages + Lending
MPA Magazine reports that large banks are leaving the home mortgage business. They originated just 52% mortgages in 2014, down from more than 70% seven years earlier. The magazine cites the CEO of BankUnited (a Florida based bank) who said “We can’t make money in the...
by kramoltz@hotmail.com | Jun 29, 2016 | Selling Your Home
Some sellers will try weird marketing methods. Here are 3 of the most unusual: 1. Alcohol. A Chicago-area seller offered a $1,000 tab at a bar located across the street from the property. 2. Another home. A Connecticut seller threw in their Florida vacation condo as a...
by kramoltz@hotmail.com | Jun 27, 2016 | Mortgages + Lending
Over the past few years the federal government and lenders have taken several steps to open up the credit box. Signs that the efforts were paying off came last fall when credit scores on closed loans lowered to 723. As of April 2016, the average FICO score was still...
